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Nigeria Must Grow Self-sufficient Economy To Cope During Global Financial Crises, Gov Obaseki Warns

BY ALLTIMEPOST.COM

Edo State Governor, Mr. Godwin Obaseki has warned that Nigeria must grow a self-sufficient economy through increased productivity and less dependence on importation to be able to withstand shocks from global financial crises.

The governor gave the warning while speaking at the 3rd Eminent Persons’ Lecture Series, held at the University of Benin, Ugbowo, Benin City, Edo State on Thursday.  

Obaseki said the lecture was expository as it drew attention to the need for all Nigerians to join hands in addressing the country’s economic challenges, noting, “For Nigeria to grow as a country, every one of us must work to increase productivity and depend less on importation.”

Nigeria, Obaseki insisted, must grow a self-sufficient economy to cope during global financial crises, adding, “We must produce and depend less on external markets. If we don’t, as long as there are external structures beyond our control, we will be at  the mercy of these shocks.”